If you are a fan of technology, then you might be interested in getting to know one of the world’s largest tech companies. You probably have heard of it before because of its significance in the industry for many years until today. It is no other than the Japanese multinational electronics company: Panasonic.
In our world’s fast advancement in technology, Panasonic is among the big names that give a colorful meaning to the tech industry. Its excellent quality and innovative products prove its worth in the business race. As part of the top electronics company worldwide, Panasonic makes sure its products are of the best quality as expected.
What makes Panasonic more interesting is the diversity of its products. They manufacture a broad scope of products, including rechargeable batteries, automotive systems, as well as electric kettles. The variety of electronic products offers consumers more options, making Panasonic an excellent choice for buying their electronic needs. The fascinating features showcased by Panasonic prove its superiority in the electronic industry. This article lets us dig deeper and look into the more profound definition of Panasonic; also, we will understand how this exceptional electronic company became one of the world’s best in the industry.
What is Panasonic?
Before we look into this electronic company giant’s history, let us first get to know it a bit more. Most of us might already heard of Panasonic one way or another. When we think of electronic devices, appliances, and other products, Panasonic is one of the names that pops up in mind. It is mainly because of the significance of Panasonic in the industry.
Panasonic is a Japanese multinational electronics company and is considered one of the best in the world. We can find its headquarters in Kadoma, Osaka; its branches span to different parts of the globe. As mentioned earlier, Panasonic is widely known as a manufacturer of consumer electronics. Interestingly, it is recognized as the largest manufacturer of electronic products in a global scale during the late 20th century. The remarkable work of Panasonic made it known for being among the best electronic companies around the globe until today.
Moreover, Panasonic not only boasts its innovative electronic products; it also introduces diverse products that prove beneficial to humans. Such products include the rechargeable batteries, automotive and avionic systems, and construction materials. With more than a hundred thousand employess around the globe, Panasonic remains to be one of the most significant electronic companies to produce quality products.
Origins of Panasonic
Now that we already have a brief idea of the origins of Panasonic, let us look into how this major electronics company climbed its way up to the top list. We can trace back the origins of Panasonic to the early 20th century. A duplex lamp sockets vendor named Konosuke Matsushita founded the Matsushita Electric in 1918.
During its early years of existence, the company strated to launch various products to the public, such as bicycle lamps. The company’s production of electronic products continued until World War II; its factories in Japan and other parts of Asia remained its production of electrical components and appliances. These electrical components include light fixtures, motors, electric irons, wireless equipment, as well as the first-ever vacuum tubes.
The post-war period of the Matsushita group didn’t end well for Matsushita. The group was split into two: MEI (Matsushita Electric Industrial Co., Ltd.) and MEW (Matsushita Electrial Works, Ltd.) Because of the war’s after effects, the group Keiretsu was formed and helped in producing various products in Japan, including appliance, radios, and bicycles.
Moreover, the company started to gain more supporters after Matsushita’s visit to the United States in 1961. During this time, Matsushita met American dealers, which helped him produce television sets for the United States. Matsushita succeeded in marketing his electronic products to Americans, wherein he first used the name Panasonic as the brand name. During the mid-20th century, Matsushita continued to produce innovative products, such as the black and white TVs, electrical blenders, fridges, rice cookers, microwaves, and color TVs.
Years later, Matsushita continued to introduce his company to the world. during the late 20th century, Panasonic started to gain global recognition not just in the United States and Europe but also in other places. Today, Panasonic is still considered one of the greatest electronic companies in the world.